Common use of Enforcement of Due-On-Sale Clauses; Assumption Agreements Clause in Contracts

Enforcement of Due-On-Sale Clauses; Assumption Agreements. Each Servicer shall, to the extent it has knowledge of any conveyance or prospective conveyance of any Mortgaged Property by any Mortgagor (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note and/or the Mortgage), exercise its rights to accelerate the maturity of such Mortgage Loan under the "due-on-sale" clause, if any, applicable thereto; provided, however, that no Servicer shall exercise any such rights if prohibited by law from doing so.

Enforcement of Due-On-Sale Clauses; Assumption Agreements. Each Servicer shall, to the extent it has knowledge of any conveyance or prospective conveyance of any Mortgaged Property by any Mortgagor (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note and/or the Mortgage), exercise its rights to accelerate the maturity of such Mortgage Loan under the "“due-on-sale" ” clause, if any, applicable thereto; provided, however, that no Servicer shall exercise any such rights if prohibited by law from doing so.

Enforcement of Due-On-Sale Clauses; Assumption Agreements. Each The Servicer shallwill, to the extent it has knowledge of any conveyance or prospective conveyance of any Mortgaged Property by any Mortgagor of the Mortgaged Property (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note and/or the Mortgage), exercise its rights to accelerate the maturity of such Mortgage Loan under the "any “ due-on-sale" clause, if any, ” clause applicable thereto; provided, however, provided that no the Servicer shall not exercise any such rights if prohibited by law from doing soso or if the exercise of such rights would impair or threaten to impair any recovery under the related Primary Insurance Policy, if any.

Enforcement of Due-On-Sale Clauses; Assumption Agreements. Each The Servicer shallwill, to the extent it has knowledge of any conveyance or prospective conveyance of any Mortgaged Property by any Mortgagor of the Mortgaged Property (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note and/or the Mortgage), exercise its rights to accelerate the maturity of such Mortgage Loan under the "any “due-on-sale" clause, if any, ” clause applicable thereto; provided, however, provided that no the Servicer shall not exercise any such rights if prohibited by law from doing soso or if the exercise of such rights would impair or threaten to impair any recovery under the related Primary Insurance Policy, if any.

Enforcement of Due-On-Sale Clauses; Assumption Agreements. Each The Servicer shallwill, to the extent it has knowledge of any conveyance or prospective conveyance of any Mortgaged Property by any Mortgagor (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note and/or the Mortgage), exercise its rights to accelerate the maturity of such Mortgage Loan under the "due-on-sale" clause, if any, applicable thereto; provided, however, that no the Servicer shall not be required to take such action if in its sole business judgment the Servicer believes it is not in the best interests of the Trust Fund and shall not exercise any such rights if prohibited by law from doing so.from